Active gamblers at Encore Boston Harbor in Everett will be able to get complimentary alcoholic beverages from the time bars close at 2 a.m. until 4 a.m. after the Gaming Commission voted Wednesday to approve the casino's later last call.

Virgin Trains USA has revealed its contractors for its $4 billion Miami-to-Orlando route.
The Coral Gables-based train service formerly known as Brightline named Littleton, Massachusetts-based Middlesex Corp.; Winter Park-based Hubbard Construction Co.; Sanford-based Wharton-Smith Inc.; Watsonville, California-based Granite Construction Inc. (NYSE: GVA) and joint venture HSR Constructors as the team for the project.Founded in 1972, Middlesex Corp. has worked on a number of local transportation&h

A Texas cell therapy company is restarting its clinical testing and setting up shop in Massachusetts after becoming the first company to work with new venture capital firm ElevateBio.
Cambridge-based ElevateBio was launched last week by three former Alexion Pharmaceuticals and bluebird bio executives, who raised $150 million to found and invest in cell and gene therapy companies. ElevateBio has now disclosed its first venture: AlloVir, formerly called ViraCyte, which is developing single-d

Months after federal regulators warned doctors that one of the heart pumps made by Danvers’ Abiomed could be linked to a higher rate of death than previously thought, the company’s device has been cleared by the FDA.
Abiomed (Nasdaq: ABMD) manufactures several small devices that can be inserted into patients’ heart ventricles to pump blood and give the organ’s muscles time to recover after a heart attack.
The FDA notified doctors in February that it was evaluating a highe

Good morning, Boston. Here are the five most important things you need to know to get your busy Wednesday started.Wynn says MGM won't buy $2.6B Everett casinoWynn Resorts Ltd. and MGM Resorts International say conversations regarding a possible sale of Wynn’s $2.6 billion Encore Boston Harbor resort are over. The 3.1 million-square-foot casino in Everett is scheduled to open June 23.Moody's downgrades South Shore HealthJessica Bartlett reports that Moody’s Investor Service has downgr

Wynn Resorts Ltd. and MGM Resorts International say conversations regarding the sale of Wynn’s $2.6 billion Encore Boston Harbor resort are over.Wynn (NASDAQ: WYNN) and MGM (NYSE: MGM) had acknowledged their preliminary conversations regarding a potential sale in a statement late Friday afternoon.MGM won a Massachusetts gambling license in 2014 and operates a $1 billion Springfield casino, which opened in August 2018. The state’s gaming law prohibits one company from holding two lice

With just 37 days to go before a scheduled opening, Wynn Resorts Ltd. (Nasdaq: WYNN) is considering selling its $2.6 billion Encore Boston Harbor resort in Everett to fellow Las Vegas-based gambling empire MGM Resorts International (NYSE: MGM).“Over the past several weeks, we have engaged in conversations around the potential sale of Encore Boston Harbor,” the companies said in a joint statement. “They are very preliminary and of the nature that publicly traded corporations lik

The Bay State’s unemployment rate fell to an estimated 2.9 percent in April. If it remains there when the figure is finalized, it will mark the first time since 2000 that the rate has dropped below the 3 percent threshold.Massachusetts added an estimated 4,100 jobs last month, according to a statement on Friday from the Executive Office of Labor and Workforce Development. Construction was the sector that added the most jobs, followed by professional, scientific and business services.The pr

New England Development has sold Meadow Glen, a Wegman’s-anchored shopping center in Medford, to an affiliate of German asset management company DWS for $85.7 million, according to a Middlesex County deed.In September 2017, the Boston-based development firm pitched the transformation of the 300,000-square-foot retail complex that was previously known as Meadow Glen Mall. Meadow Glen, it said, was “no longer a mall but a reimagined shopping destination featuring some of the nation&rsq

Aqua Security, a cybersecurity company with $100 million in total funding, is expanding its Burlington headquarters and plans to hire 20 people in the next six months, the Boston Business Journal has learned exclusively.

A letter written by Alexander Hamilton in 1780 and stolen from the Massachusetts Archives decades ago by a former employee has been found, according to a recent filing in federal court.The government now wants it back.A prosecutor for the U.S. Attorney’s Office in Massachusetts filed a forfeiture complaint in federal court in Boston Wednesday asking a judge to order the letter be given back to the government.According to the complaint, Hamilton, one of the founding fathers of the United St

The second-in-command at Haven, the Boston-based healthcare startup formed by Amazon.com Inc, Berkshire Hathaway Inc. and JPMorgan Chase & Co., has decided to resign from the role for family reasons, the company said Friday.Jack Stoddard, who worked at Comcast, health care benefits startup Accolade and Optum before joining the Haven in September, was the company's chief operating officer, helping to lead the new organization to reengineer health care for the companies’ combined 1.2 mil

Each fall thousands of college students descend on Massachusetts, especially the Greater Boston area, eager and full of potential, ready to be intellectually challenged.Yet, not all students feel welcome. Many black master’s and doctoral students leave following graduation, taking with them their talent, as well as their economic and cultural contributions. Students of color need to see that there is a supportive opportunity system in place that they can utilize in order to live, grow, and

Good morning, Boston. Here are the five most important things you need to know to get your busy day started, some interesting sports stories, and who the fastest-growing private companies are in the state.Fidelity loads up again on GE stockFidelity Investments significantly increased its holdings in General Electric Co. in the first quarter, and it has boosted its holdings by more than 50 percent since Larry Culp took the helm.
Gordon College braces for layoffs and academic cutsGordon College&he

The spaces, part of a larger diversity initiative at the Boston-based bank, will provide fewer financial services than a full branch, but will offer free co-working space, event rooms or other benefits.

As CVS Health Corp. tries to grow its prominence in the health and wellness space, it says it's completed third-party testing of vitamins and supplements to prove that they actually contain what they say they do.The Woonsocket, R.I.-based company (NYSE: CVS) has already removed dozens of vitamins and supplements from the shelves of its pharmacy chain, and also plans to launching a number of new products — think essential oils, aromatherapy stress spray and bee pollen — in a

The Boston Business Journal honored the fastest-growing private companies in Massachusetts with an awards ceremony Wednesday evening at the Aloft Hotel Seaport in Boston. Boston Business Journal Market President & Publisher Carolyn M. Jones and Executive Editor Doug Banks announced the rankings of the 50 fastest-growing organizations at Wednesday's ceremony, which drew a celebratory crowd of over 350 people.See all our Fast 50 stories:Scorching revenue growth at solar developer BlueWave
Top&

The institution will become Assumption University if approved by the Massachusetts Department of Higher Education. The change in title emphasizes Assumption’s optimism about the future as well as a desire to display its diverse and growing program offerings, school officials told the Boston Business Journal in an interview. Still, Assumption faces a challenging operating environment and difficult financials in recent years due to dropping enrollment.

Boston Beer’s downtown taproom is taking longer than planned, with the company’s top executive saying the space is going to miss its expected summer opening.The state’s largest craft brewer has been working over a year to build its first taproom at the site of the former Hillstone restaurant at 60 State Street. The space is just steps from the bronze statue of Samuel Adams behind Faneuil Hall and across from Boston City Hall.But rather than opening this summer as originally pla

This article first appeared on MassLive.com.A strike is looming at Macy’s stores in parts of Massachusetts and Rhode Island.After four months of contract negotiations, United Food and Commercial Workers Local 1445 voted Sunday to authorize a strike if necessary. The union represents more than 1,000 Macy’s employees in Boston, Braintree, Natick, Peabody and Warwick, Rhode Island.Local 1445 said it is fighting for more money for its workers and affordable healthcare, and will move to s

The former CEO of Alexion Pharmaceuticals and chief scientific officer at bluebird bio have raised $150 million to launch a new investment and manufacturing firm for cell and gene therapies.The new company, ElevateBio, will found and invest in companies that are developing treatments that directly affect a person’s cells and genes. F2 Capital and one of MPM Capital’s funds co-led the Series A financing round that closed this week (ElevateBio’s founders are currently partners at

Sherry Penney, who served as interim president of the University of Massachusetts system and spent over a decade as the chancellor of its Boston campus, has died. She was 81.She and her husband, James Livingston, an 89-year-old retired MIT professor, were found dead in their Florida home due to accidental carbon monoxide poisoning, the Boston Globe reported, citing family members.Penney retired as chancellor after serving in the role from 1988 to 1995 and from 1996 to 2000. She stepped in as&hel

President Donald Trump’s chief economic adviser said on Sunday that American consumers would bear some pain from the escalating trade war with China, contradicting Trump’s claim that his tariffs are a multibillion-dollar, mostly one-way payment by China to the U.S. Treasury.

Good morning, Boston. Here are the five most important things you need to know to get your busy day started, and why having teen-agers is great.Americans spent $25B on Mother's DayCongress approved Mother’s Day as an official holiday in 1914, and this year 84% of Americans who celebrate the holiday were expected to spend a record $25 billion on Mother’s Day gifts, up from $23.1 billion in 2018, according to the National Retail Federation (NRF). That’s the highest amount in the

A “one of a kind” two-bedroom, two-bathroom condominium at the Mandarin Oriental in Boston’s Back Bay is listed for sale for $3.995 million.The 1,906-square-foot unit features a grand living and dining room “ideal for entertaining,” with walls of south-facing Juliet windows and a floor-to-ceiling marble fireplace, the listing states. The master bedroom features a five-piece stone bath, and a custom-built walk-in closet. Other features include wide-plank dark ha

More than 150 people attended the Boston Business Journal's third annual Business of Pride event at the Boston Chops restaurant in the city’s South End on Thursday night. The event recognized LGBT-owned and LGBT-friendly businesses in the Boston area and their commitment to a diverse and inclusive workforce.Eastern Bank was the recipient of the Corporate Ally Award, for demonstrating its belief in breaking down barriers that stand between people and prosperity, regardless of gender, marita

In the 130 days since the Boston Globe’s contract with its editorial and business workers lapsed, there’s been a flurry of local union activity. The newsroom at WBUR voted to form a new unions, while a strike involving more than 30,000 Stop & Shop workers attracted the support of national politicians ranging from Sen. Elizabeth Warren to former Vice President Joe Biden.Meanwhile, the Globe's hired law firm and representatives of nearly 300 of its workers continue to slog through

Boston Landing, the 15-acre campus that serves as the home of New Balance Athletics headquarters and the practice facilities of the Boston Bruins and Celtics, plans to launch a beer garden, hosting a variety of breweries throughout the summer.

Good morning, Boston, and Happy Friday. Here are the five most important things you need to know to get your busy day started, and how you can help me — or make it worse — because I’m drowning in too many good podcasts.GE HQ sells for $252M; Mass. recoups its moneyCatherine Carlock was the first to report yesterday that General Electric has sold its Fort Point headquarters site for $252 million to a joint venture of Alexandria Real Estate Equities and National Development.

The Boston CIO Leadership Association, in partnership with the Boston Business Journal, in March announced the finalists for its 2019 Boston CIO of the Year ORBIE Awards, and the finalists gathered for a reception at the Harvard Club in Boston last week. (See the gallery above for images from the reception.)The Boston CIO of the Year Awards honor chief information officers who have demonstrated excellence in technology leadership.Finalists were named in five categories: Global (More than $1 bill

To the Editor: As an attorney who handles many wage-and-hour cases for both employers and employees, I am writing to clarify that notwithstanding that the federal Department of Labor recently issued an opinion letter addressing whether certain “gig” workers can be treated as contractors instead of employees, nothing has changed for Massachusetts employers and out-of-state employers that employ Massachusetts residents.The BBJ correctly reported that the DOL’s opinion means